Accounting for Insurance and Insurance financing.

So I have 7 different insurance policies for our company.
7 invoices. They all are then combined into one finance ad split over 10 payments.
So what would be the best option?
Cr Debtors for 7 invoices
Dr Insurance accounts for all 7 invoices.

But then what?
Would I open one bank account for insurance finance and set all 7 invoices as paid from it and then each month transfer Direct Debit payment to insurance finance account.

Or would I put Insurance premium on liabilities?
Dr Debtor (one amount for all 7 invoices so they don't show as outstanding)
Cr Debtors for Insurance finance? and then match Direct Debits each month??

Something seems bit not right



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